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2016 Presidential Election
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US Election Updates - September 11, 2012

Obama out raises Romney in August

President Barack Obama's campaign raised more than $114 million in August, surpassing Republican rival Mitt Romney for the first time since April.

As the race for the White House approaches the final stretch, the former Massachusetts Governor and his fellow Republicans raised around $111 million in the same month.

Obama broke fundraising records in 2008 after becoming the first presidential candidate to opt out of a federal matching funds system.

However, Romney has beaten the incumbent significantly with the aid of "Super PAC" groups and their near-unlimited funds from millionaire donors.

In July, the Obama campaign raised $75 million compared to Romney's $101 million.

Obama now leads overall with the Democratic party raising just under $740 million this campaign season, in comparison to around $630 million raised so far by Romney.

In a statement released by the Democratic camp, Obama increased his donor base last month with more than 317,000 donors who had never given money before. Some 1.1 million donors offered their monetary support to Obama in August, with the average donation sitting at $58.

With less than two months to go until the November 6 elections, the Republican National Committee and state Republican parties reported having $168.5 million in cash left at their disposal at the end of last month.

Obama's campaign did not reveal how much cash it had at the end of August.

In July, the Republicans enjoyed a $60 million lead over Obama, who ended July with $127 million.